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What a sound money system does is to stabilize all the elements in it, and reduces the uncertainty that people confront. And the one thing all human beings do when they are confronted with uncertainty is pull back, withdraw, disengage, and that means economic activity, which is really dealing with people, just goes straight down.
— Alan Greenspan
Tags: down, uncertainty, people, money

Other Quotes by "Alan Greenspan"

Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.
— Alan Greenspan
Tags: things, weird, sometimes, people
I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.
— Alan Greenspan
Tags: more, know, will, today
Revolutions are something you see only in retrospect.
— Alan Greenspan
Tags: something, see, only, you
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
— Alan Greenspan
Tags: cannot, problem, free, you
I always believed in animal spirits. It's not their existence that is new. It's the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits.
— Alan Greenspan
Tags: new, animal, random, nature
View More by "Alan Greenspan"
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